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. >> we have taxed alcohol for a long-term. it is not out of the ordinary to tax products with negative side effects. california for food and beverage choice says and i quote, "such measures are unnecessary, wasteful distractions from serious policy-making." the idea is to introduce this to the board today and get it on the ballot next year so san francisco voters can vote next year. >> the story is generating a lot of talk on social media. what do you think. should sodas and sugary drinks be taxed? you can gin the conversation. >> in the north bay police are warning neighbors of a large protest today over the fatal police shooting of a teenager. a crowd of demonstrators is expected to rally in the name of children-year-old andy lopez in downtown santa rosa at noon. the funeral will take place today at 5:00 at the resurrection parish church in santa rosa. we have new information about the sonoma, sheriff deputy who shot lopez seven times after the boy flashed a realistic looking assault rifle. 48-year-old erick gelhaus is 24-year veteran of the force and firearms instructor and written
cadillac plans? >> something is happening to them now. there's going to be an exercise tax that kicks in 40% now, on any benefits, premiums paid over $10,200 for individuals, $27,500 for families. so that exize tax kicks in four years from now. employers are shifting costs to the covered people to employees like ourselves and making them pay more in anticipation of that exized tax kicking in. >> if the net cost, in other words, to the company is greater than that 10,200 or whatever it is -- >> pays 40% on top of that. >> the employer pays that. they would figure in the costs they pay to the insurer to cover me. >> that's right. >> and figure in or reduce that amount by the amount that i pay per month. >> one way to address it. >> that i pay in typical deductions. >> overall trend in the industry to shift costs to the employee. >> we know that. >> and this is exacerbating that. >> this is happening for years in the private sector. >> you know, in fairness to the administration, an effort to contain costs to make people aware of what they're paying for. >> one of these things, goes back to th
is on. a san francisco supervisor unveiled his plans today to tax sugary drinks. he wants a 2 cent per ounce tax on sodas and other sweet drinks in the city. that would equal 24 cents for a regular can of soda. he said the tax would raise about $31 million a year for san francisco that could be used to pay for outdoor recreation programs. >> havi richmond and l.a. rejected a similar plan. the tax would unfairly burden poor communities. he also proposed a plan to streamline the hours for parks. city parks have a variety of opening and closing hours. it is aimed at the idea of cutting down on vandalism that happens late at night. >>> it's official. the birthplace of the apple computer is now part of history. last night the historical commission voted unanimously to turn steve job's home into a historical site. the late steve jobs and apple cofounder built the first apple 1 computers in the garage back in 1976. >>> we have an update to a story we've been following in the past year. >> his name is jeff schmidt. >> one-half hour after the finish line closed. i thought a story about a guy th
, in a balanced way. we've heard from senators about the need to modernize the tax code and move toward real tax reform. while the committee can't get it done. we can move in that direction in a substantial way. making a modest cut of only 5% of the trillion dollars a year we spend through the tax code would make huge dent in the deficit. lastly, we have to don't make some reduction in direct spending. although i know that's the area taken the hardest hit. i'll insist on doing in a way that put a circle of production around around the most vulnerable and honoring our promises to seniors, veterans, and about to retirement to protect them from cuts. chairman rhode island i know, chairman muir ray. i'm glad we have come together. we need focus not on the area of disagreement but priority we share. reducing the deficit, and ensuring our long-term prosperity. thank you. >> thank you. i've learn something. i know, you refer to yourself as delaware begans. senator ayotte. >> thank you, mr. chairman. i want to thank you and thank chairman murray for your leadership and everyone at the table who is comi
taxes for 98% of all americans. and lower bare year -- lowering baferiers so entrepreneurs and businesses can innovate, grow, and hire. because of these measures we're moving in the right direction. the positive signs are reel. -- real. since 2009 our economy has been expanding. over the past 43 months, private employers have added 7.6 million jobs. in fact, businesses have added more than two million jobs over the last year alone. and the end of this year, and the beginning of next year, show signs of further progress. the auto industry is growing again, manufacturing has increased. the global market has improved. american companies liked ford and apple are starting to move operations back to the united states. we sell more products made in america to the rest of the world than ever before. the cost of health care is growing at the slowest rate in years. and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. our economy is actually recovered faster than any other advanced economy. just as it
, the city where fame and infamy go hand in hand. >> tax credits work. >> reporter: here everything seems larger than life. including its politicians. that is ron calderon. he is the target of an ongoing federal investigation. according to a sealed affidavit obtained exclusively by al jazeera's investigative unit, the senator is for sale. a politician willing to influence legislation in exchange for money. as part of an elaborate undercover sting, fbi agents posed as owners of a film studio. >> they had to establish bank accounts. they needed a business license, and so it's a very extensive lengththy operation. >> reporter: the senator allegedly wanted his family added to the payroll. he told undercover agents, any help you can do for which kids that's diamonds for me. at the world famous pebble beach resort, he attended a fund raiser. the greens were lined with some of the state's most influential lobbyist. despite an ongoing federal probe, calderon is still rubbing elbows and raising money. he has declined to comment to we caught up with him as he was arriving at another five-star resor
-do tax code, reform entitlement spending and reset spending levels. so the question is will this happen? can this happen? >> i think what we will see is resetting the spending levels. only for the next year. they only have two months and 13 days between now and the january 15th deadline. that's when the current spending plan expires. that's not a lot of time to put together something as comprehensive as this grand bargain. it would involve the tax code and entitlement spending and things that a are so huge and gaps that are so wide between the two parties, there is just not enough time to get that done. so where does that leave congress and the budget deal? it is going to be a focus on the current spending level and how we move into fiscal 2014. we have this temporary spending bill, but they need to come up with a deal that will last through 2014 and that will deal with remember the sequester that is the automatic budget cuts that come down every year. it is $110 billion automatically on january 15th. they want to stop that a from happening on the democratic side. on the republican side
-like participation tax. >> we are agreed that both sides want to seek to get the tax introduced at the european level. we fear to dissemble -- it is a symbol of social justice. >> both sides also agreed to take steps to silence the eurosceptics by seeking to return more responsibility from brussels to the eu member states. the parties have yet to agree on how to deal with troubled banks. scenese scenes -- sweet are made of this. the catwalk creations are made of the world's favorite sweet treat. a number of celebrities joined in the fun. wimbledon tennis champ marion bartoli model this fetching dress in dark chocolate. -- modeled this fetching dress in dark chocolate. a real fashion feast. >> three giant mirrors were installed to direct the sun rays into the valley. they eliminate the town square, an area the size of three tennis courts. >> fantastic. i never thought it would be this good. >> the idea for the mirror states back 100 years but was never implemented. sponsors were found to cover the cost -- some 600,000 euros. locals hope tourists will now no longer avoid the town in the dark winter mon
on the house position in terms of the resolution they passed back in the spring which had no tax increases, no revenue increases, assumed to the repeal of the affordable care act. it is the antithesis to the senate position. thesenate budge was resolution they passed. they had increased references -- revenues and a differences are so great it is unlikely there will be any kind of agreement to raise revenues because it could not pass in the house of representatives. host: does that doom this effort to failure? guest: now, if people had expectations that this would be a large deficit reduction package achieved by the hope for a deadline of december 13, i think that is off the table. i think there is a real possibility, not of a grand bargain, but of a bargain that will be granted that we got a bargain at all. the american public believes that congress is dysfunctional and cannot achieve anything. at a minimum, it seems there is a good possibility that both mrs. murray and mr. ryan can come together on some sort of package that will show that the house and senate can work together in a minima
could cost you more in supervisor with a measure that will tax sodas and energy drinks and teas can chocolate milk. the bigger the drink, the higher the tax, two cents an ounce raising $31 million a year for nutrition and physical fitness programs and require approval from two-thirds of voters. amy hollyfield will have more on the idea at 5:30. we want to know what you think on facebook and their your thoughts. >> san francisco homeless advocates will rally at city hall before the board votes on a proposal to close the city parks during overnight hours. there was a sleep in last night in the mission district opposed to the plan to close all city parks between midnight and 5:00 a.m. to prevent vandalisms. protesters say it will punish the hopeless who have nowhere else to go. >> the city count meets to -- the city council meets to vote on an appeal of tenants would say the owner improperly installed a water heater before a march 1212 fire that led to displacements and injuries and lawsuits. the board narrowly approved the rebuilding project in downand the former tenants wants to make
on fuel coming from the egypt and for the last one month we shared oil without part of the taxes from palestinian authority. they promise us it's without taxes. but now they told us that they will stay with the full taxes which we cannot afford the amount of money for that. therefore we decide to shut down the plant today. so our program of distributing the power to the people has been too much and now only the power will lead six hours to the consumers and it will be off for the next 12 hours which will affect all the service sector and the life on gaza. >> reporter: the u.s. secretary of state has publically admitted for the first time that the national security agency may have overstepped the mark in its intelligence gathering. speaking at an international summit on thursday john kerry said i assure you innocent people are not being abused in this process but, yes, in some cases it has reached too far. we are going to try to make sure it doesn't happen in the future. and he added and the president is now doing a thorough review in order that nobody will have the sense of abuse. me
subsidizes health care for people under 65 is through a tax provision, where if your employer pays your cash, you pay taxes on it and if he pays in health insurance, you don't pay tax. this reduces revenue by $300 billion a year. if it were a government program, it would be one of the largest within the federal government. the way the subsidy is structured, the higher the tax rate, the more it is worth. ted cruz, his wife is a highly paid investment banker, they get their insurance through a cadillac plan at goldman sachs and it cost $40,000 a year in 2009. to get a sense, family health insurance would cost 15,000 or 16,000, well more than twice as expensive as normal. the tax benefit is worth about $15,000. now the cost to insure a family of four on medicaid at that time was about $11,000. so that it's not that their health plan cost more than medicaid but the part subsidized by taxpayers cost more than the entirety of medicare coverage. what the affordable care act does is shift around the subsidies, it takes the money and puts it to people who need it either because they have low incomes
would add a special tax to sugar benches. lillian explains what make this proposal different than another sugar tax ballot measure that failed in richmond last year. >>reporter: the idea is simpl simple. the bigger the drink the more taxes you pay. 2 cents per ounce to be exact for all sugar sweet benches. including soda. sports drink. energy drink and bottled coffe coffee. >> not a nanny state at all. we are not banning anything. >>reporter: san francisco supervisor scott weiner says the nation rising obesity rate inspired him to come up with proposal that need the approval of two-thirds of san francisco voters. >> we taxed alcohol for long time so it's not at all out of the ordinary to tax products that have some negative side effects. >>reporter: 2 cents an ounce adds up quickly. a largest 32 ounces. which means this one drink will cost an extra 64 cents. as to where all the money will go, the estimated 31 million dollars a year will good to nutrition. health. physical fitness programs. stark contrast to the failed soda tax proposal in richmond where the money instead
cost about a quarter more in san francisco. you may vote on nawr would add a special tax to sugar benches. lillian explains what make this proposal different than another sugar tax ballot measure that failed in richmond last year. >>reporter: the idea is simpl simple. the bigger the drink the more taxes you pay. 2 cents per ounce to be exact for all sugar sweet benches. including soda. sports drink. energy drink and bottled coffe coffee. >> not a nanny state at all. we are not banning anything. >>reporter: san francisco supervisor scott weiner saysthee inspired him to come up with proposal that need the approval of two-thirds of san francisco voters. >> we taxed alcohol for long time so it's not at all out of the ordinary to tax products that have some negative side effects. >>reporter: 2 cents an ounce adds up quickly. a largest 32 ounces. which means this one drink will cost an extra 64 cents. as to where all the money will go, the estimated 31 million dollars a year will good to nutrition. health. physical fitness. . stark contrast to the failed soda tax proposal in
with our payroll tax to attract businesses -- to give a payroll tax exemption for new hires is not a good policy. changing from a payroll tax to a gross receipts tax, where it is not based on the number of employees you have and how much they are paid, but how much business you have, your business, is a better tax structure that does not harm businesses to hire more people. harman is a strong word, but does not attach the tax to your number of employees. it is a better structure, i believe. we do a lot of things to support businesses. muni improvements happening downtown, in the more distant parts of the city. supporting businesses. infrastructure we are putting in, sidewalks, lighting. all of this is important to businesses. lots of concentration on that in the downtown area. i see it as one of the big thing that we offer. we also have a pretty city. that attracts a lot of businesses. we have certain parts of the city that have really great thinking going on. you see california, as of state. our hospitals attract a lot of minds and attention. -- uc california, sf state. >> it looks like
republican after republican talking about cutting taxes, talking about growing the economy, but neachg t of he lks, tiddl ass the workg m awoma i's le e rublian pty s fogott theiddlclas exis. >> wel i ctain agr wi yo lo in trmsf making that contact with working families. and the biggest challenge families face in virginia is economic opportunity. it's jobs. there are enormous s.w.a.t.s wa because people have been unemployed so long. there's a big difference between me and terry mcauliffe. i can explain my plan to grow jobs and cut taxes, and he's proposing more government spending. $1,700 more in taxes per family versus my$700 tax cut. but a lot of them zero in now this month on obama care. and there's a stark difference between me and terry mcauliffe there also. and once again, his approach is bigger government, and mine is smaller government. i was the first to fight obama fight it. you were the first one to sue on obama care. >> right. >> at the same time, is that an issue for virginia voters? i mean, you know, we look at these numbers, and we're talking about, you know, roughly 10% o
district will be decided on bruno until education parcel taxes for 10 years. that is measured are. brisbane residents are considering measured t, an increase on a business license tax for liquid storage facilities. and pacifica it is measured indeed an amended telecommunications tax there requires a majority of votes. imports toll valley residents are voting on reducing the utility tax from 5.5% to 4.5% and that is a measure q. a partial tax proposal and atherton known as measured next. foster city residents are deciding on measured u, a business license tax. >> a bizarre accident snarled traffic on the bay bridge for several hours. the chp said that a man got out of his car while he was on the span and ran into traffic a little after 10:00 a.m.. he was hit by a muni ban on the incline of the westbound direction. traffic was blocked for more than half an hour while the scene was cleared. the man was injured in the collision and was transported to sever cisco general hospital. no word yet on his condition. >> new details about the vallate manner assisted living facility that abandon more tha
and eight percent tax adjusted between mexico's congress in order to curb rising obesity mexico has now hired the city rates than the us is one of the world's biggest consumers of soda. mexican president is using the latest tax on sugary drinks and junk stage to install a change of culture and encourage mexicans to exercise at least one hour and a tomato in nationwide obesity. you know what either the city deficit got out of sugary drinks will be taxed at the mai initiative with a congressman or a new facts to light the senate's is the norm basic stitch with my calories will save the tax base. this is the place that taxes will people be to reduce the consumption in a healthy sport not associated with the increase of obesity among mexican silver pistol. he over to god. he kept bitching and staffing retailers expected to pass on the tax to consumers. the move has caused shares of the mexico based coca cola and zach oaks largest bottle or latin america to fall which could potentially result in a reduced workforce of three to four percent. according to analysts the most soft drink and food
. that's number one. number two, we need tax reform, in my view, tax reform that brings down the top corporate rates to something more closely aligned with every other developed nation in the world, and at the same time that we're doing that to generate some revenues for deficit reduction, to match what we're doing on the spending side. if you think about it, as the senator from ohio knows, the senator from west virginia knows, tax expenditures, tax breaks, tax credits, tax deductions, tax loopholes, tax gap adds up over the next ten years to anywhere from $10 trillion to $15 trillion. we're going to spend more money out of the treasury for tax expenditures than we're going to spend in all our appropriations bills combined. if we could capture 5% of $12 trillion over ten years for deficit reduction, that's $600 billion. if we could match that in like a bowles-simpson number, we could do about another $2 billion on deficit reduction on top of what we've already done. is that a grand compromise that i want and i think the senator from ohio wants and i know the senator from west virgini
to pass the immigration bill, reform the tax code, and replace across-the-board spending cuts none of sequestration. introduced by commerce secretary this is a half-hour. >> the first-ever select u.s.a. senate meeting. as you may have heard, we are sold out with 1200 attendees. business leaders from 58 countries and across the united states are here today. a warm welcome to all of you from all of us in the obama administration. let me be clear -- [applause] let me be clear, this summit is about you. it is all about business. it is all about connecting investors with communities. let me start with the story. when the select usa program was just starting out, an austrian company that makes auto parts was considering investing more in the united states. we went into action. the commerce department's vienna staff counsel the company on how to successfully established a new plan in the united states. the u.s. ambassador in austria met with the company's leaders. we connected a company with the state-level leaders that they wanted to me to. as a result, over the past year, the company ha
the attention away from things like obama care, taxes, energy, those issues that are going to affect virginia in the next four years delayed our ability to get to voters at least to be on the front burner, so to speak. and that's where we are now. >> so it hurt. >> that's what we have to close with. >> it hurt? >> it compressed time to get people while they're paying attention to this race. >> steve. >> bret mentioned this independent libertarian style candidate. he is taking as many as i think the average was 9.5%, 9.5 points if you look at the quinnipiac polls and other polls, if his voters were your voters, you would be winning. how concerned are you about him and what's your pitch to libertarian style voters? >> i'm the most-accomplished pro-liberty candidate that's actually been elected statewide in virginia in my lifetime. so what we talked to them about is my actual accomplishments. being the first to challenge obama care, being an attorney general who's going to leave office having helped exonerate more wrongfully convicted felons than any other a.g. in history. whether it's fighting
year's crisis in washington? what they did was, they raised taxes, and they cut spending through the sequester. and that's had a fairly predictable result. it's been good for the deficit. take a look at this chart, and you'll see the deficit as a percent of gdp has gone down dramatically since 2009 when it was 9.2%. 2013, just 4.1%. 79% of the decrease the government says it due to tax receipts. record tax receipts in 2013, up $325 billion from 2012. that's up 13%. so the tax man is getting his cut of this improving economy and also as a result of those tax increases. that has led to this lowering of the u.s. deficit. that's something the obama administration says is a good thing. they feel like, you know, it's not getting enough attention here in all of this hullabaloo here in washington. >> a quick follow-up question if i might that kayla tausche raised. and that is all of the money that the federal government has collected in settlements, fines and so forth with, for example, financial services company -- companies in the hundreds of billions of dollars over the past four or f
of journalists reactive turkish lawmakers breaking the headscarf taboo in parliament. andy taxing times faced by french footballer whose bosses are threatening to strike over seventy five percent tax on wealth above one million euro loss of getting out of the leaders from james credence in our media watch second study art in the newsroom it's a low once again to not be a chart clarion calls levies on headlines they sound intelligence officials say they needed the pakistani taliban has been killed in a suspected us drones truck humans are causing to put a dent in the pas. this time in sentences that to be planning his funeral. the resistance from the syrian opposition peace envoy. he was against new delays in peace talks sharon's departure is the main obstacle to getting all psyched to the negotiation table. in reality he is in washington president obama for assistance be back later and said to finance a country suspected cause of the growing unrest that the war. yes this developing story coming out of the us the suspect is said to be in custody until sunday's international apple. today is fri
so our financial system works better for consumers and investors, and locking in lower taxes for 98% of all americans. and lowering baferiers so entrepreneurs and -- barriers so entrepreneurs and businesses can innovate, grow, and hire. because of these measures we're moving in the right direction. the positive signs are real. since 2009 our economy has been expanding. over the past 43 months, private employers have added 7.6 million jobs. in fact, businesses have added more than two million jobs over the last year alone. and the end of this year, and the beginning of next year, show signs of further progress. the auto industry is growing again, manufacturing has increased. the global market has improved. american companies liked ford and apple are starting to move operations back to the united states. we sell more products made in america to the rest of the world than ever before. the cost of health care is growing at the slowest rate in years. and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. o
court upheld the mandate as a tax but president obama went in front of the entire nation to say the mandate was not a tax increase so we have unilateral reinterpreting of the lock over the last three and a half years. gerri: one more caller from new york about the single payer system. caller: to do you think the obamacare concept and kellogg was designed to create a single payer system to a implode? gerr ttsreat estn. >> ion'thin he ishat vio. aughr] iann beeve the american people after having watched this trade racal vote to give more control to the federal government. gerri: but it is interesting >> i think they have the assumption most of the house plan would move into the exchange but now basie health insurance will try to stay out to offer plans outside pool is the opposite of what they anticipated. this has been so miserable. gerri: is it possible that insurers' move out of the system? >> i agree. they're all sorts of problems you could end up with only sick people the sequester could cut insurers' to the tune of billions of dollars are they could pay for the sequester cut
chance to buy quality affordable health care as everybody else. a lot of people will qualify for new tax credits under this law that will bring down health care costs even further, so if you lose your job or if you start a new business or you're self-employed or you're a young person trying several jobs until you find that one that sticks, you're going to be able to be insured. insurance that goes with you and gives you freedom to pursue whatever you want, without fear that accident or illness will derail your dreams. this marketplace is open now. insurance companies are competing for that business. the deal is good. the prices are low. but, let's face it, we've had a problem. the website hasn't worked the way it's supposed to. over these last couple of weeks. adds a consequence, a lot of people haven't had a chance to see how good the prices for quality health insurance through these marketplaces really are. now ultimately this website, healthcare.gov, will be the easiest way to shop for and buy these new plans, because you can see these plans next to each other and compare prices and s
point for income is $62,040, so if that's your income you qualify for the tax credits and subsidies. you earn one more dollar than that you don't get any of them in our case, the peopleup, if our income was under that $62,041 level, our premium is 386, because we're over it, our -- >> no wiggle room. ian, no wiggle room? >> well, you know, you can always go to your boss and say -- >> go ahead. >> well, it's about 65,000 in pennsylvania. same sort of situation. not a lot of people are going to be able to get it. >> hang in there. this is not the exception. it's more common than you think. guys, we appreciate your coming on. >> neil, could i say one more thing? >> real quickly, george, yes, i'm sorry. >> there's no acid test for this. people with millions of dollars can qualify for all the tax credits and subsidies under the plan. meanwhile, working people who earn more than 64,000 are make more for their health care and that's really, really unfair. >> to put it mildly. thank you, george. >> meanwhile, back to these tricks and so-called treats. i have always thought a liberal came up with
of patients that their personal information may be part of a huge tax scam. it's the latest example of a booming type of fraud, one that could cost a -- all of us a lot of money. most of the victims were patients of the orange county health department in florida. investigators came across a hand written list of names, patients who were targets of the scam. patients' personal info was storm, which the scammers used to submit fraudulent tax returns. when the government sent out refund checks, investigators say the crooks pocketed the cash. this is nothing new in the sunshine statement florida has the highest rate of this type of scam, but it seems a refund fraud is becoming a bigger threat for all of us. tax scammers last year tried to steal $6.5 billion from up suspecting victims, according to the irs. phil keating is live. do prosecutors -- florida health department workers. do they know if prosecutors were in on this or what's the story? >> reporter: they're think can that possibly the former health department workers, who according to the federal complaints, have already boned out
sxichl standing strong with israel and lower taxes and decentralization of federal government to lower level and sanctity of human live and less regulation and taxation and lidigation. and president obama he can't be blamed for a economy that is killing for the mitted class or broken promiseless for taxes going up for people making 200,000 or coping your health plan or doctor or dismal standing in the eyes of the nation of the world. even our friends are spitting mad at us. it turns out it is not his fault. because he didn't know anything about it. any of it. >> it is not manage i have followed closely. but we don't know. i am not familiar. he indicated he was not aware of what was happening in fast and furious. certainly i was not. >> i mean, i don't know. there was a lot development of the website. i don't know. >> nobody understood what was taking place. >> we don't have independent knowledge. he found in the nows report. >> i first learned about it in the same news reports that most people learn body this. >> it is it good things that a newspaper gets delivered to the white house
like taxes and less spending. that led to a gap of $680 billion. guess what. it takes revenues and spending cuts to cut the deficit. they ought to work together on that. $2.08 billion is how much americans are spending on candy for halloween this year. never mind the declarations for the national retail federation. they expect an additional $2.6 billion on costumes and more people in my neighborhood i swear do halloween decorations than for the holidays. 75 days is how many we have before the primary for the special election for the late bill young and florida primary will be key to see the better position for the march 11 general election. the special election of one of the most competitive seats left in the house of representatives. 16 is how many democratic women senators all in fact signed in a private letter to hillary clinton urging her to run for president in 2016. they spilled the beans about it and a list in new york on monday, sources say barbara boxer led the effort that included other names mentioned as candidates including elizabeth warren. saying hillary runs, the
was talking about an opportunity society, talking about low tax rates, trying to help everyone be their best in america. coming from where i came from, it all kind of resonated little bit. i've got 11 brothers and sisters. my dad owned a bar. i got brothers and sisters on every rung of the economic ladder. the idea of an opportunity society was kind of who i was. over the course of the 1970s and 1980s, these two people, especially during the 1970s -- by the end of the 1970s, i was a republican -- i had a reagan bumper sticker on in 1980 during the primary. sorry, jeb. in 1988, i found myself a manchester -- in a manchester, new hampshire, if you will recall. in february of 1988, a lowly state rep, business guy goes to manchester, new hampshire to my buddy jack kemp. i was at this dinner with jack and joanne. there were a bunch of these big- time congressmen. the next day, i got my assignment to knock on doors. i was assigned to go to the city dump. i thought, what the hell is this? i went to the dump because in manchester, new hampshire, they don't pick up garbage. you have to take it to the
they knew what they were doing. even those folks couldn't afford it. it is not the rich paying more taxes. it is people who realize in order to buy insurance, which otherwise the irs is going to come after them, but in order to buy insurance, the premiums are up, the co pays are up, the deductibles are up sometimes up to several thousands of dollars. these folks are saying i can't afford health care and send my kids to college or buy the things i need to buy. has why it is outstanding -- that's why it is outstanding she says go and buy something else. the president has doctors on the team at the white house. but the moms and dads out there, the single moms and dads struggling to get through lost it and they don't know how to get it back. >> let's look atey -- lets 8 look. he said don't blame us. it is not the president's fault. >> the law does not say sears drops coverage. the law does not say you drop coverage. the insurance industry decides how it will make money. when the private companies decide that they will drop people or put them in the exchange you blame president obama. he is no
of our survey. a heated debate on the merits of investor in twitter. growing calls to tax the rich. robert frank will be along to tell us where the flash points are and whether you should be calling the moving vans. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> >>> it's a big week at big board. twitter shares will begin trading on thursday. the social networking giant raised the
surpluses to deficits almost overnight. he tax cuts remained in effect. i think you're right, there should have been some revisiting of those tax cuts that were in effect, but the tax cuts allowed us to avoid a major recession back in 2001. host: you bring up deficits. how much motivation is there right now to get a grand deal done whether it's in this effort or future effort with u.s. just having posted its lowest deficits in 2008, is it? guest: we ended up the fiscal year that just ended, fiscal $6802013 with a deficit of billion. i believe the figure was, and that was a significant of 30%, 40% reduction of the previous year of $1.1 trillion. and the immediate effect, is it taking pressure off and things are improving. things are improving in the near term. part of the reason why the deficit came down so significantly, receive news wept up 13% and spending wept down 2% last year. the combination of those two resulted in the deficit coming down. the difficulty is that while that's a good sign in the near term, all projections because of the demographics are going forward, all projections
and that they're beleaguered, you know, bank. but what they do get out of it in some cases is tax deductibility. certain aspects of settlements are tax deductible. and they can use that as a negotiating chip for the entire settlement if the justice department allows it. so, we're not clear yet on how much of this will be tax deductible. that would certainly be a benefit to jpmorgan chase. and it would mean that the taxpayers are once again subsidizing this very profitable large institution. also there's a sense that, you know, maybe we can put this behind us, we've paid the freight, we are -- we've been held accountable. but again the problem with that argument is that it is the shareholders who are being held accountable, paying the price, not the actual perpetrators. >> what i hear you saying is that the wrongdoing at jpmorgan, jamie dimon's own failure to manage the offenses created by other executives and by traders and all of that, all of that cost or much of that cost is being passed down to taxpayers and shareholders? >> yes, that's correct. >> that doesn't seem fair. >> well, that's our
will also qualify for tax credits to make the coverage even more affordable. we know that consumers are eager to purchase this coverage, and to the millions of americans who have attempted to use healthcare.gov to shop and enroll in insurance care coverage, i want to apologize to you that the website has not worked as well as it should. we know how desperately you need affordable coverage. i want to assure you that healthcare.gov can and will be fixed and we are working around the clock to deliver the shopping experience that you deserve. we are seeing improvements each week and by the end of november the experience on the site will be smooth for the vast majority of users. over the past month, millions of visited healthcare.gov to take a look at new health care coverage under the affordable care act. in that time, nearly 700,000 applications for coverage have been submitted across the nation. more than half of those are in the federal marketplace alone. this tremendous interest confirms that american people are looking for quality affordable health care coverage. we know that the c
. >> the contributions were intended to help defeat governor brown's proposition 30 to raise taxes and pass the anti-labor measure proposition 32. they went to court before the november election pushing the group to disclose the true source of the contribution. she's now headed to washington d.c. to serve as president obama's appointee on the federal election commission. before thursday's settlement was announced, she spoke with scott shafer about the challenges of informing voters about the flood of money in today's political campaign. >> welcome to "newsroom." >> thank you very much. >> well, the fair political action commission, which you chair, or have chaired, was created after waterfwat. there was a lot of cynicism about politics. how do you feel you have made a difference under your tenure there to, you know, enhance trust or faith in our political system? >> the purpose of the ftpc was to enhance faith and trust. clearly a large percentage of americans do not feel that trust in government. we have made inroads, though, and i think we've provided much greater disclosure. we've shown the publi
drink bought if san francisco. today, a supervisor will introduce a bill slapping a tax on sugary drinks to battle oh boast. amy? >> good morning. imagine coming here to buy your soda and getting taxed for it. the idea is to tax two cents an ounce, all sugar-sweetened beverages including sports energy drinks and sodas. the supervisor was motivated by the rising oh boast rate in -- obesity rate in the country. it is estimated this will bring in $31 million a year. >> we have taxed alcohol for a long-term. it is not out of the ordinary to tax products with negative side effects. california for food and beverage choice says and i quote, "such measures are unnecessary, wasteful distractions from serious policy-making." the idea is to introduce this to the board today and get it on the ballot
will discuss a new tax on soda. scott weiner now lobbying for a 20 cent surcharge on each can or bottle sold here in the city. the money would pay for health, nutrition and activity programs for young people. >> as long as i know for sure it's definitely going towards that program and definitely going towards that cause then, yeah, i'd pay for the tax. >> sugar is terrible for you. i feel like people would stop drinking sugary soda if it was 25 cents extra. similar tax measures were defeated last year in richmond and in los angeles county town of el monte. >>> the snow is coming down. more than a foot has fallen in the highest elevation. ian schwartz with more on the season's first storm. >> a week ago we were dealing with temperatures near 80 degrees up here in the sierra but now snow are reminding drivers winter is not far off. >> weeks of sun and warmth tooshg a backseat to temperatures and snow today in the sierra. >> it was quite a change. >> scenes like this make snow junkies like jason smith sal fing. not everyone was welcoming the winter blast, though. traffic came to a crawl as i-80
'm really concerned especially when we talk about sale's tax and there may be some data that indicates that sale's tax is paid by people who aren't necessarily resident of the city, but what bothers me is people who visit the city are increasingly deciding not to visit the city because of a couple of things. the sunday meetings, the sale's tax, the fees at the restaurants for healthy assess and all of these other things. i constantly hear complaints and these are in the east bay and how oakland are changing their restaurant scene and making changes and people are choosing to stay home rather than visiting san francisco. i don't want us to begin, i guess, nickel and dime people out of wanting to participate in what's happening in san francisco. when we look at sale's tax as a possible recommendation, i have concerns and i don't see any desire for me as a resident to support that as well. and when i talk about -- when i specifically mention public housing resident, as i said before, many of them truly rely on public transportation. when you say that people participate in this are 1
mi. an hour, and the average about 98 mi. an hour. >> catherine: if you want to tax your girlfriend that you love her, both for its accurate but if you are considering apologizing using text you may want to rethink. those are the findings of a new study in the journal of couple at the relationship therapy. researchers surveyed 276 beyond a doubt in committed relationships and about that affectionate pets enhance those relationships. but taxing heavier stuff like this gushing relationship problems was more negatively associated with the relationship satisfaction and stability. the much you tax matters to. a man who sent and received a bunch of tax or less satisfied with their relationships. the woman who said that more often said the opposite >> reporter: upper 60s for the south bay. hi to top up below in the inland. san francisco los 64 high. 67 oakland and 7 day at around the bay but sunday sunny. but pretty windy. temperatures will warm up monday with a chance of rain are ready by next friday. catherine? set >> catherine: starting today, the special lights l e d on the western spa
a but as a practical matter anyway that you can put away free tax money, save it to you are going to need it later. the way things are going you want to do as much as you can now no matter what age. gerri: i agree with that enrely. what additional vehicles should people be looking for. max out your four -- 401(k). >> if you have children, grandchildren, the 529 plan. that has not been tampered with by our politicians. that too has been enlarged from its original levels just like 401(k). so there are vehicles like that. 529 is a good one if you want to help accomplish the savings. gerri: absolutely a great idea for people out there who are looking for additional ways to save. so many folks out the are over inveed in bonds because they got burned last time around in the stock market. what are you telling your clients right now? >> well, the stock market has been in an uptrend, and it is still intact. as long as we have low inflation which we do, very low interest rates, that is where they are, and we will have them for a while longer assets have an upward bias, real estate, stocks, all kinds of asse
tax dedicated to water and sewer infrastructure. hunter: that sales tax counts for about a third of the revenue of the department right now. franklin: we got 75% of the voters to agree to tax themselves so that their children and their children's children could have clean water because we're investing in it now. hunter: there were no alternatives. the infrastructure was in dire straits. a lot of people didn't want to believe it had to be done, but it had to be done. what came out of those lawsuits by the upper chattahoochee river keeper were two consent decrees, focused on overflows. the intent is, city of atlanta, you need to keep the flows in the pipe. narrator: with the help of the funding the city raised, atlanta has been implementing an asset management plan that evaluates and addresses their infrastructure issues. hunter: it's a continuum. at one end, you have your regular maintenance that you do every day on the system, and at the other end, long-term planning so that every year we're repairing, replacing the right things, and we don't have to do it all at once, which is,
in through current pay ral taxes. there's bell -- payroll toxes. there's enough to cover 77%. >> the solution to the social security problem includes raising taxes, taxing more of what wealthy people earn or reducing benefits. or raise the age when people can take benefits. none of the solutions are politically popular. >>> there's a chance you are one of millions of americans with no professional help managing money or planning for retirement. deloittes says 58% of us have no plan in place. a reason is we don't trust brokers or financial planners. there's about 130 web-based companies offering help raising from online services that let you mimic top traders. a group of online advisors attracted more than a million customers by offering low fees and convenience to people who do not need much handholding. >> this man is as tech savvy as it gets. with a few start-ups at 33 years old. like many americans this san francisco resident admits he doesn't know the first thing about investing. >> i know you shouldn't keep your money in a savings account. that's what i do know. >> he paid a financial ad
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